Fox Run Management L.L.C. Acquires Shares of 22,759 Hexcel Corporation $HXL

Key Points

• Fox Run Management L.L.C. acquired 22,759 shares of Hexcel Corporation (NYSE:HXL) valued at approximately $1.25 million during the first quarter of 2023.
• Hexcel recently reported earnings of $0.50 per share for the quarter, exceeding analysts' expectations of $0.46, despite a 2.1% revenue decline compared to the same quarter last year.
• The company has declared a quarterly dividend of $0.17 per share, with the ex-dividend date set for August 8th, yielding an annualized rate of 1.1%.

Fox Run Management L.L.C. purchased a new stake in Hexcel Corporation (NYSE:HXL - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 22,759 shares of the aerospace company's stock, valued at approximately $1,246,000.

Other large investors have also made changes to their positions in the company. Franklin Resources Inc. bought a new stake in Hexcel during the 4th quarter valued at approximately $436,000. Raymond James Financial Inc. acquired a new stake in shares of Hexcel in the fourth quarter worth $7,092,000. Treasurer of the State of North Carolina increased its position in Hexcel by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 35,779 shares of the aerospace company's stock worth $2,243,000 after acquiring an additional 220 shares during the period. Sterling Capital Management LLC raised its stake in Hexcel by 47.8% during the 4th quarter. Sterling Capital Management LLC now owns 5,281 shares of the aerospace company's stock valued at $331,000 after purchasing an additional 1,709 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Hexcel by 219.3% in the 4th quarter. Barclays PLC now owns 223,607 shares of the aerospace company's stock valued at $14,019,000 after purchasing an additional 153,584 shares during the period. Institutional investors and hedge funds own 95.47% of the company's stock.

Hexcel Price Performance

Hexcel stock traded down $0.3950 during mid-day trading on Wednesday, hitting $60.7650. 900,700 shares of the company were exchanged, compared to its average volume of 1,132,446. The company has a market capitalization of $4.83 billion, a PE ratio of 56.26, a price-to-earnings-growth ratio of 2.03 and a beta of 1.36. The business has a fifty day moving average of $58.97 and a 200 day moving average of $56.97. Hexcel Corporation has a 1-year low of $45.28 and a 1-year high of $71.05. The company has a quick ratio of 1.50, a current ratio of 2.69 and a debt-to-equity ratio of 0.53.

Hexcel (NYSE:HXL - Get Free Report) last issued its earnings results on Thursday, July 24th. The aerospace company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.46 by $0.04. Hexcel had a net margin of 4.69% and a return on equity of 9.76%. The company had revenue of $489.90 million for the quarter, compared to the consensus estimate of $482.20 million. During the same quarter in the previous year, the company earned $0.60 EPS. The firm's revenue for the quarter was down 2.1% compared to the same quarter last year. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. As a group, sell-side analysts expect that Hexcel Corporation will post 2.14 earnings per share for the current year.

Hexcel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 8th. Hexcel's dividend payout ratio is currently 62.96%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HXL. UBS Group boosted their price objective on shares of Hexcel from $60.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. BMO Capital Markets lifted their target price on Hexcel from $52.00 to $67.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 29th. Wells Fargo & Company cut their price target on Hexcel from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Wall Street Zen downgraded Hexcel from a "buy" rating to a "hold" rating in a research report on Sunday, April 27th. Finally, Truist Financial lowered their price objective on Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $63.33.

Hexcel Profile

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.